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QUARTERLY FINANCIAL RESULTS
 12 Months Ended
Dec. 31, 2017
QUARTERLY FINANCIAL RESULTS [Abstract]  
QUARTERLY FINANCIAL RESULTS











































NOTE 26. QUARTERLY FINANCIAL RESULTS (unaudited)

 

The following table provides a summary of selected consolidated quarterly financial data for the three years ended December 31, 2017.

 





 

 

 

 

 

 

 

 

 

 

 

 



 

First

 

Second

 

Third

 

Fourth

(In thousands, except per share data)

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 2017

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

 10,447 

 

$

 11,449 

 

$

 12,937 

 

$

 12,968 

Net interest income

 

 

 9,933 

 

 

 10,900 

 

 

 12,326 

 

 

 12,369 

Provision for credit losses

 

 

 427 

 

 

 974 

 

 

 345 

 

 

 545 

Income before income taxes

 

 

 4,662 

 

 

 3,906 

 

 

 5,686 

 

 

 5,531 

Net income

 

 

 2,800 

 

 

 2,352 

 

 

 3,412 

 

 

 2,698 



 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

 0.22 

 

$

 0.19 

 

$

 0.27 

 

$

 0.21 

Diluted earnings per common share

 

$

 0.22 

 

$

 0.19 

 

$

 0.27 

 

$

 0.21 

Dividends paid per common share

 

$

 0.05 

 

$

 0.05 

 

$

 0.05 

 

$

 0.07 



 

 

 

 

 

 

 

 

 

 

 

 

 2016

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

 9,908 

 

$

 10,003 

 

$

 10,236 

 

$

 10,505 

Net interest income

 

 

 9,243 

 

 

 9,383 

 

 

 9,658 

 

 

 9,965 

Provision for credit losses

 

 

 450 

 

 

 375 

 

 

 605 

 

 

 418 

Income before income taxes

 

 

 3,995 

 

 

 3,684 

 

 

 3,843 

 

 

 4,377 

Net income

 

 

 2,460 

 

 

 2,272 

 

 

 2,411 

 

 

 2,495 



 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

 0.19 

 

$

 0.18 

 

$

 0.19 

 

$

 0.20 

Diluted earnings per common share

 

$

 0.19 

 

$

 0.18 

 

$

 0.19 

 

$

 0.20 

Dividends paid per common share

 

$

 0.03 

 

$

 0.03 

 

$

 0.03 

 

$

 0.05 



 

 

 

 

 

 

 

 

 

 

 

 

 2015

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

 9,445 

 

$

 9,542 

 

$

 9,837 

 

$

 10,047 

Net interest income

 

 

 8,539 

 

 

 8,683 

 

 

 9,010 

 

 

 9,293 

Provision for credit losses

 

 

 650 

 

 

 540 

 

 

 410 

 

 

 475 

Income before income taxes

 

 

 2,270 

 

 

 2,631 

 

 

 3,109 

 

 

 3,506 

Net income

 

 

 1,409 

 

 

 1,627 

 

 

 1,909 

 

 

 2,163 



 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

 0.11 

 

$

 0.13 

 

$

 0.15 

 

$

 0.17 

Diluted earnings per common share

 

$

 0.11 

 

$

 0.13 

 

$

 0.15 

 

$

 0.17 

Dividends paid per common share

 

$

 -

 

$

 -

 

$

 0.02 

 

$

 0.02 



 Earnings per share are based on quarterly results and may not be additive to the annual earnings per share amounts.